ITC Ltd, the largest cigarette maker in India, announced on Tuesday that it has recorded a net profit of 16 percent and over 25 percent rise in the first quarter sales, which ended on 30 June.
Panasonic Corp will initially invest around 20 billion to 30 billion Yen ($200-300 million) in Tesla Motors for producing lithium-ion batteries used in electric vehicles.
Bharat Heavy Electricals Limited (BHEL) has informed BSE on Monday about its plan to set up a 10MW solar power plant in Shivanasamudram, Belakavadi village in the Mandya district of Karnataka.
The Comptroller and Auditor General have slammed the Gujarat government for mismanagement of the state’s financial resources for the financial year ended 31 March 2013.
The BJP-led government on Friday promised to bring stability and simplification in tax administration with an aim to win back investors’ confidence and stimulate economic growth.
Nifty fell on Friday after hitting a record high for a third straight day as investors took profits in blue-chips, such as ICICI bank, whereas IT stocks declined after Wipro’s US Dollar revenue growth lagged rivals.
The Indian stock market traded lower due to profit-booking, plunged Asian stocks, the decline in crude oil prices, and also announcement due of Foreign exchange and Bank Credit data on Friday.
Ipca Laboratories informed on Thursday that it has stopped exports to USA from its Ratlam drug manufacturing plant, after the United States Food and Drug Administration (FDA) expressed concerns.
Apple Inc. is set to team up with International Business Machines (IBM) to boost the sales of the iPad that has been under-performing in the market.